VALUE OF STAMP PAPER FOR NDA
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Even the company is not registered in the Provident Fund by the government, and no employee is registered in the PF process. No ESI and PF are deducted by the company. So, it's required that PF and ESI registration of employees be done before signing a bond. Is ...
Good morning, sir/madam.I joined Aflac Tourism Services in February 2017 after working for two years in Aflac Company. They wanted me to sign a bond for two years. I signed it after reading three terms: not working for any competitors and not sharing confidentia...
Dear All HR professionals,I have prepared an employment bond and security deposit letter format. Please find the attachment.Could you please review the document and let me know if any changes are necessary? What is the procedure for implementing it? Also, which ...
Hi,In general, an employee cannot be forced to sign a Non-disclosure Agreement, especially during the middle of employment. When you disagree with the terms of an NDA, you should not have signed it, even if it is on an A4 paper. You should have requested a copy ...
Dear Rakesh,Your Employee Bond is okay, but you should use the words like "training cost incurred by the company during the training period" because in case of any breach by a prospective candidate, you can recover the cost which your company incurred towards hi...
Are you going to get it registered at the local Sub-Registrar Office and pay the requisite Stamp Duty & Registration Charges for perceived damage with a monetized valuation in order to enforce it in case of violation? If not, then this Agreement on Stamp Paper h...
For the purpose of creating responsibility and obligation for the second party (employee) regarding confidentiality of the information, innovation, design, technology, or any special knowledge of a particular domain, the first party (employer) can enter into a N...
As mentioned by seniors, there is no need to have a separate NDA signed on these stamp papers as it will only add up to your stationery cost. An NDA signed by the employee on your company's letterhead should be good enough to initiate any legal action. Just be s...
Hello Suresh,The value of stamp paper differs from state to state. Keeping the same point in mind, you should first find out the rules applied in your state. To make things easier, you can even take help from any stamp vendor in your area. Getting stamp papers a...
From your question, I am assuming that you are in Maharashtra. In Maharashtra, any agreement with an indemnity clause needs a ₹500 stamp paper, those without need ₹100.But at the same time, if your agreement has a value anywhere, then the stamp cost will be depe...